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Simple English definitions for legal terms

survivorship annuity

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A quick definition of survivorship annuity:

A survivorship annuity is a type of payment plan where someone agrees to pay a certain amount of money to another person every month or year. But, if the person receiving the payments dies, the payments stop. However, with a survivorship annuity, if the person receiving the payments dies, the payments continue to be made to their spouse or another person they have chosen. It's like a promise to keep taking care of someone even after they're gone.

A more thorough explanation:

A survivorship annuity is a type of annuity that provides continued payments to a survivor, usually a spouse, after the original annuitant dies. An annuity is an obligation to pay a stated sum, usually monthly or annually, to a stated recipient. These payments terminate upon the death of the designated beneficiary.

For example, if a husband and wife purchase a survivorship annuity, the annuity will continue to pay the wife after the husband dies. This provides financial security for the surviving spouse.

Another example is a group annuity, which is payable to members of a group, especially employees, who are covered by a single annuity contract, such as a group pension plan. If an employee dies, their spouse may be eligible to receive survivorship annuity payments.

Overall, survivorship annuities provide a way for individuals to ensure that their loved ones are financially secure after they pass away.

surviving | survivorship clause

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Dkk
13:42
Sounds good to me
HopefullyInLawSchool
13:43
@glovediedthisishismom: What if he appoint Ym instead?
HELP
every damn opportunity
13:47
do schools straight reject people from ed or to they always ed-rd if its a no for ED?
HopefullyInLawSchool
13:48
Some schools rject
13:49
Thanks! I couldn't find any reddit thread about it lol
13:49
but just means now I have to wait for the rejection from Davis
glovediedthisishismom
13:53
i just wanna rock
glovediedthisishismom
13:53
bodyadaya
13:53
let it rock
14:17
How are the vibes heading into thanksgiving yall?
HopefullyInLawSchool
14:17
@Law-Guy Im feeling kinda happy I applied YM to UCI hoping it helps (:
Wanna give some head
soap
14:18
Cornell
14:19
@HopefullyinLawSchool What's YM?
14:19
oh no
HopefullyInLawSchool
14:19
you mom
WorthlessAttractiveZombie
14:19
Ouch
HopefullyInLawSchool
14:19
your*
14:19
I fear I realized too late
babycat
14:20
another victim claimed
concorde
14:22
pwned
14:22
Might have to send in addendums for that
Dkk
14:26
No wave, so sad.
WorthlessAttractiveZombie
14:28
What are the odds that berk releases later today?
babycat
14:28
@Dkk: And here I thought you were a prophet. Smh.
14:33
@WorthlessAttractiveZombie: 4
WorthlessAttractiveZombie
14:35
@EvolBunny: I will take the odds of 4, very promising
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